Mahindra Holidays & Resorts India Q1 FY27 results (Apr–Jun 2026) and concall

Consumer Services · Concall AI · Call held 23 Jul 2026

Company page: Mahindra Holidays & Resorts India share price, financials & guidance record

Mahindra Holidays & Resorts reported a mixed Q1 FY27, with strong growth in Keystone sales and resort revenue, and improved occupancy. However, overall profitability declined year-on-year, primarily due to 400 keys being under renovation, increased losses from the European business, and higher operating costs. The company is focused on inventory expansion, customer experience, and strengthening its membership proposition, with several strategic initiatives underway.

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What they filed

Q1 FY27: revenue up 4.6%, net profit down 228.6% against the same quarter last year.

₹ Cr · quarterly

Line item	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	678	779	701	717	753 +11%	820 +5%	733 +5%
Expenses	533	574	579	565	609	623	620
EBITDA	146	204	122	152	144 −1%	197 −3%	113 −7%
Margin	21%	26%	17%	21%	19%	24%	15%
Other income	32	28	39	32	19	24	41
Interest	37	38	39	48	47	47	47
Depreciation	93	92	96	101	104	109	109
Profit before tax	48	102	26	36	12 −75%	65 −36%	-3 −112%
Tax rate	26%	29%	73%	52%	88%	36%	168%
Net profit	35	73	7	17	1 −97%	41 −44%	-9 −229%
EPS	1.72	3.62	0.39	0.88	0.11	2.06	-0.43

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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